Australia Electric Steering System Market (2025-2031) | Revenue, Outlook, Drivers, Industry, Value, Segmentation, Share, Opportunities, Restraints, Trends, Investment Trends, Growth, Strategic Insights, Pricing Analysis, Forecast, Segments, Challenges, Demand, Strategy, Competition, Analysis, Consumer Insights, Companies, Competitive, Size, Supply

Name: Australia Electric Steering System Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Type (Column Assist EPS, Pinion Assist EPS, Rack Assist EPS, Direct Drive EPS), By Vehicle Type (Passenger Cars, Commercial Vehicles, SUVs, Sports Cars), By Component (Torque Sensor, Steering Motor, Controller Unit, Battery Backup), By Features (Energy Efficient, Reduced Steering Effort, Precision Control, Adaptive Steering), By Application (Urban Driving, Heavy-Duty Vehicles, Off-Road Driving, High-Speed Driving) And Competitive Landscape

Product Code: ETC11840510	Publication Date: Apr 2025	Updated Date: Aug 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Shubham Deep	No. of Pages: 65	No. of Figures: 34	No. of Tables: 19

Australia Electric Steering System Market Overview

The Australia electric steering system market is witnessing steady growth driven by factors such as increasing demand for fuel-efficient vehicles, technological advancements in automotive systems, and the growing trend towards electric vehicles. The market is characterized by the presence of key players offering a range of products including electric power steering (EPS) systems, column assist electric power steering (C-EPS) systems, and rack assist electric power steering (R-EPS) systems. The adoption of electric steering systems is further fueled by the benefits they offer, such as improved fuel efficiency, enhanced vehicle performance, and better responsiveness. Additionally, stringent regulations regarding vehicle emissions and safety standards are also contributing to the market growth as automakers look for ways to meet these requirements through advanced steering technologies.

Australia Electric Steering System Market Trends

The Australia electric steering system market is experiencing a growing demand for advanced driver assistance systems (ADAS) and autonomous driving technologies, driving the adoption of electric power steering systems. The shift towards electric power steering systems is primarily fueled by the need for improved fuel efficiency, reduced emissions, and enhanced vehicle performance. Additionally, the increasing focus on vehicle safety and comfort features is contributing to the rising popularity of electric steering systems in the Australian automotive sector. Manufacturers are also focusing on developing electric steering systems that offer better precision, responsiveness, and customization options to cater to the evolving consumer preferences. Overall, the Australia electric steering system market is witnessing a significant shift towards advanced technologies to meet the growing demands of modern vehicles and enhance the overall driving experience.

Australia Electric Steering System Market Challenges

In the Australian electric steering system market, challenges include increasing competition among key players leading to price pressures, limited consumer awareness about the benefits of electric steering systems compared to traditional hydraulic systems, and potential concerns around the reliability and durability of the technology in harsh environmental conditions such as extreme heat or off-road driving. Additionally, the need for infrastructure development to support electric vehicle adoption and the high initial cost of electric steering systems compared to conventional systems present barriers to widespread adoption in the market. Overcoming these challenges will require continued innovation, education of consumers and stakeholders, strategic partnerships, and regulatory support to drive growth and acceptance of electric steering systems in Australia.

Australia Electric Steering System Market Investment Opportunities

The Australia electric steering system market presents promising investment opportunities due to the increasing demand for fuel-efficient vehicles and the growing trend towards autonomous driving technology. Electric steering systems offer improved fuel efficiency, reduced emissions, and enhanced vehicle safety and performance. As the automotive industry continues to evolve towards electric and autonomous vehicles, there is a growing need for advanced steering systems that can support these technological advancements. Investors can capitalize on this trend by exploring opportunities in companies that specialize in electric steering system development, manufacturing, and integration. Additionally, investing in research and development of innovative steering technologies tailored to the specific needs of the Australian market can also prove to be a lucrative investment strategy in this sector.

Australia Electric Steering System Market Government Policy

In Australia, government policies related to the electric steering system market focus on promoting the adoption of cleaner and more energy-efficient technologies in vehicles. The Australian government has implemented initiatives such as vehicle emission standards, fuel efficiency regulations, and financial incentives for electric vehicle purchases to reduce carbon emissions and promote sustainable transportation. Additionally, there are ongoing efforts to invest in infrastructure to support electric vehicle charging stations and research and development in the automotive industry to drive innovation in electric steering systems. Overall, the government`s policies aim to accelerate the transition towards a greener transportation sector and encourage the widespread adoption of electric steering systems in vehicles across the country.

Australia Electric Steering System Market Future Outlook

The future outlook for the Australian electric steering system market looks promising, with a steady growth trajectory expected in the coming years. Factors such as the increasing demand for fuel-efficient vehicles, advancements in electric vehicle technology, and the growing trend towards autonomous driving are driving the market`s growth. Additionally, the government`s initiatives to reduce carbon emissions and promote sustainable transportation solutions are likely to further boost the adoption of electric steering systems in vehicles. As consumers become more environmentally conscious and seek enhanced driving experiences, the market is poised for expansion. Overall, the Australia electric steering system market is anticipated to experience solid growth as automotive manufacturers continue to prioritize innovation and sustainability in their product offerings.

Key Highlights of the Report:

Australia Electric Steering System Market Outlook
Market Size of Australia Electric Steering System Market,2024
Forecast of Australia Electric Steering System Market, 2031
Historical Data and Forecast of Australia Electric Steering System Revenues & Volume for the Period 2021-2031
Australia Electric Steering System Market Trend Evolution
Australia Electric Steering System Market Drivers and Challenges
Australia Electric Steering System Price Trends
Australia Electric Steering System Porter's Five Forces
Australia Electric Steering System Industry Life Cycle
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Column Assist EPS for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Pinion Assist EPS for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Rack Assist EPS for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Direct Drive EPS for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Vehicle Type for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Passenger Cars for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Commercial Vehicles for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By SUVs for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Sports Cars for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Component for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Torque Sensor for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Steering Motor for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Controller Unit for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Battery Backup for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Features for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Energy Efficient for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Reduced Steering Effort for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Precision Control for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Adaptive Steering for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Urban Driving for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Heavy-Duty Vehicles for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By Off-Road Driving for the Period 2021-2031
Historical Data and Forecast of Australia Electric Steering System Market Revenues & Volume By High-Speed Driving for the Period 2021 - 2029
Australia Electric Steering System Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Vehicle Type
Market Opportunity Assessment By Component
Market Opportunity Assessment By Features
Market Opportunity Assessment By Application
Australia Electric Steering System Top Companies Market Share
Australia Electric Steering System Competitive Benchmarking By Technical and Operational Parameters
Australia Electric Steering System Company Profiles
Australia Electric Steering System Key Strategic Recommendations

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Australia Electric Steering System Market Overview

3.1 Australia Country Macro Economic Indicators

3.2 Australia Electric Steering System Market Revenues & Volume, 2021 & 2031F

3.3 Australia Electric Steering System Market - Industry Life Cycle

3.4 Australia Electric Steering System Market - Porter's Five Forces

3.5 Australia Electric Steering System Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Australia Electric Steering System Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F

3.7 Australia Electric Steering System Market Revenues & Volume Share, By Component, 2021 & 2031F

3.8 Australia Electric Steering System Market Revenues & Volume Share, By Features, 2021 & 2031F

3.9 Australia Electric Steering System Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Australia Electric Steering System Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for fuel-efficient vehicles

4.2.2 Growing awareness about vehicle safety features

4.2.3 Government regulations promoting the adoption of electric steering systems

4.3 Market Restraints

4.3.1 High initial cost of electric steering systems

4.3.2 Lack of infrastructure for electric vehicles

4.3.3 Limited consumer awareness and education about the benefits of electric steering systems

5 Australia Electric Steering System Market Trends

6 Australia Electric Steering System Market, By Types

6.1 Australia Electric Steering System Market, By Type

6.1.1 Overview and Analysis

6.1.2 Australia Electric Steering System Market Revenues & Volume, By Type, 2021 - 2031F

6.1.3 Australia Electric Steering System Market Revenues & Volume, By Column Assist EPS, 2021 - 2031F

6.1.4 Australia Electric Steering System Market Revenues & Volume, By Pinion Assist EPS, 2021 - 2031F

6.1.5 Australia Electric Steering System Market Revenues & Volume, By Rack Assist EPS, 2021 - 2031F

6.1.6 Australia Electric Steering System Market Revenues & Volume, By Direct Drive EPS, 2021 - 2031F

6.2 Australia Electric Steering System Market, By Vehicle Type

6.2.1 Overview and Analysis

6.2.2 Australia Electric Steering System Market Revenues & Volume, By Passenger Cars, 2021 - 2031F

6.2.3 Australia Electric Steering System Market Revenues & Volume, By Commercial Vehicles, 2021 - 2031F

6.2.4 Australia Electric Steering System Market Revenues & Volume, By SUVs, 2021 - 2031F

6.2.5 Australia Electric Steering System Market Revenues & Volume, By Sports Cars, 2021 - 2031F

6.3 Australia Electric Steering System Market, By Component

6.3.1 Overview and Analysis

6.3.2 Australia Electric Steering System Market Revenues & Volume, By Torque Sensor, 2021 - 2031F

6.3.3 Australia Electric Steering System Market Revenues & Volume, By Steering Motor, 2021 - 2031F

6.3.4 Australia Electric Steering System Market Revenues & Volume, By Controller Unit, 2021 - 2031F

6.3.5 Australia Electric Steering System Market Revenues & Volume, By Battery Backup, 2021 - 2031F

6.4 Australia Electric Steering System Market, By Features

6.4.1 Overview and Analysis

6.4.2 Australia Electric Steering System Market Revenues & Volume, By Energy Efficient, 2021 - 2031F

6.4.3 Australia Electric Steering System Market Revenues & Volume, By Reduced Steering Effort, 2021 - 2031F

6.4.4 Australia Electric Steering System Market Revenues & Volume, By Precision Control, 2021 - 2031F

6.4.5 Australia Electric Steering System Market Revenues & Volume, By Adaptive Steering, 2021 - 2031F

6.5 Australia Electric Steering System Market, By Application

6.5.1 Overview and Analysis

6.5.2 Australia Electric Steering System Market Revenues & Volume, By Urban Driving, 2021 - 2031F

6.5.3 Australia Electric Steering System Market Revenues & Volume, By Heavy-Duty Vehicles, 2021 - 2031F

6.5.4 Australia Electric Steering System Market Revenues & Volume, By Off-Road Driving, 2021 - 2031F

6.5.5 Australia Electric Steering System Market Revenues & Volume, By High-Speed Driving, 2021 - 2031F

7 Australia Electric Steering System Market Import-Export Trade Statistics

7.1 Australia Electric Steering System Market Export to Major Countries

7.2 Australia Electric Steering System Market Imports from Major Countries

8 Australia Electric Steering System Market Key Performance Indicators

8.1 Average fuel efficiency improvement in vehicles equipped with electric steering systems

8.2 Number of new electric vehicle models launched with electric steering systems

8.3 Percentage increase in electric steering system installations in commercial vehicles

9 Australia Electric Steering System Market - Opportunity Assessment

9.1 Australia Electric Steering System Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Australia Electric Steering System Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F

9.3 Australia Electric Steering System Market Opportunity Assessment, By Component, 2021 & 2031F

9.4 Australia Electric Steering System Market Opportunity Assessment, By Features, 2021 & 2031F

9.5 Australia Electric Steering System Market Opportunity Assessment, By Application, 2021 & 2031F

10 Australia Electric Steering System Market - Competitive Landscape

10.1 Australia Electric Steering System Market Revenue Share, By Companies, 2024

10.2 Australia Electric Steering System Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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